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  • #537,021
  • Sep 11, 2011 9:46pm Sep 11, 2011 9:46pm
Quoting mohan76
part of the game my one on be
lesson for me ...never play game while trading...especially when scalping...

hows your weekend mohan?~
wish you green pips!
Patience, Emotion Control and Discipline.
  • #537,022
  • Sep 11, 2011 9:49pm Sep 11, 2011 9:49pm
load some short @ 73....sl @ BE now
Patience, Emotion Control and Discipline.
  • #537,023
  • Sep 11, 2011 9:50pm Sep 11, 2011 9:50pm
Quoting johncen
this teach me ...don't play game while trading...especially scalping...

hows your weekend mohan?~
wish you green pips!
better stick with game plan sell at top . for long very tight sl followed by quick be (i am doing @ +6 pip ).

i hope you will recover soon
Mohan
  • #537,024
  • Sep 11, 2011 9:56pm Sep 11, 2011 9:56pm
Quoting johncen
load some short @ 73....sl @ BE now
wow...easy money...
out+65...
I think I am just lucky....
Patience, Emotion Control and Discipline.
  • #537,025
  • Sep 11, 2011 9:57pm Sep 11, 2011 9:57pm
Quoting mohan76
better stick with game plan sell at top . for long very tight sl followed by quick be (i am doing @ +6 pip ).

i hope you will recover soon
Yes I agreed..
we not yet bottom...
this hole is just bottomless
Patience, Emotion Control and Discipline.
  • #537,026
  • Sep 11, 2011 9:58pm Sep 11, 2011 9:58pm
Wow that dropped like a rock

A nice 39 pips but I guess I should have let some run instead of closing all at 3550
  • #537,027
  • Sep 11, 2011 10:01pm Sep 11, 2011 10:01pm
Morning , so down continued very strong down 1.3600 & next will watch 3360/40 level 78% fib .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #537,028
  • Sep 11, 2011 10:01pm Sep 11, 2011 10:01pm
Buy EU sl 3479 tp 3700+

There is a massive support at 3500 on 8 hour charts
  • #537,029
  • Sep 11, 2011 10:06pm Sep 11, 2011 10:06pm
Quoting KillerWhale
Trading against the trend:
Which "Trend"
Chart is simple each timeframe magnify to smallest, trendline is price at left to present price.
Monthly Weekly Daily 4hr is uptend
1hr 30min 15min is downtrend.
Trend is only relevant depend on timeframe and trade plan.
Longterm is bull short term is bear, ????
Please excuse its simplicity, fully understand many variables, is just tired of hear trend is your friend, not trade against trend, generally is correct, not always, is depend other data aswell
"bear" train is left long time ago, now is scalp and/or book ticket on next station, and/or sell rallies and/or waiting for bottom and/or reversal formation, all have risk

"Bear" is so very strong, momentum, is danger buyer, but not exclusion

Trade safe bro
Attached Image (click to enlarge)
Click to Enlarge Name: trends eu.png Size: 43 KB
If you are new to Forex? Say Goodbye to your account!!
  • #537,030
  • Sep 11, 2011 10:09pm Sep 11, 2011 10:09pm
really high chance of daily reversal happening tomorrow ... so i exit shorts... at least till new entrance ...
  • #537,031
  • Sep 11, 2011 10:09pm Sep 11, 2011 10:09pm
dollar index still going up.....

http://www.bloomberg.com/apps/quote?...Y:IND:flushed:
  • #537,032
  • Sep 11, 2011 10:10pm Sep 11, 2011 10:10pm
Anyone see Euro/Yen just now?
Do your time and enjoy the ride...
  • #537,033
  • Sep 11, 2011 10:14pm Sep 11, 2011 10:14pm
Quoting wormboy
Get comfy, dx next big resistance is 77.9 level. Should take euro down to 3300 level before this bloodbath ends .... next week.

Good luck & enjoy the ride.
Quoting wormboy
yes ... agreed on the dx is possibly bottoming out, the HTF is forming a huge reversal formation & as mentioned earlier 77.9 break will confirm the validity of the pattern.
Wouldn't want to stand in front of this sucker right now.
Quoting wormboy
I hope people value their money & wait for that level or at least let the daily eu form a reversal instead of trading like chumps.

Good luck & have a great weekend.
A bit more to go, be patient.
Attached Image (click to enlarge)
Click to Enlarge Name: DX.PNG Size: 16 KB
Thank You
  • #537,034
  • Sep 11, 2011 10:21pm Sep 11, 2011 10:21pm
Good stuff Wormboy...
Do your time and enjoy the ride...
  • #537,035
  • Sep 11, 2011 10:22pm Sep 11, 2011 10:22pm
Hey guys... still trying to figure out how to post charts here... and being a "jr member" this might not be current by the time it goes live... but here's my question for all you old hands out there.

I placed a sell order shortly after opening today because the trendline (as I drew it) was broken, which seemed like good bearish news. But I see people with different brokers drawing the trendlines differently, like Fontu's, a few posts back.. so if everyone's got slightly different trendlines then why should I trust mine? As you can see I use it to help me decide where to put my stop loss (just behind it)...

curious what you guys think....
Attached Image (click to enlarge)
Click to Enlarge Name: trendline_break.jpg Size: 274 KB
  • #537,036
  • Sep 11, 2011 10:25pm Sep 11, 2011 10:25pm
Quoting Good Fortune
Good stuff Wormboy...
Cheers buddy.
Saw many who were reckless & were hell bent on losing their money at the end of last week trying to be smart I thought I'd try to stop them from doing so. If I manage to save a few bucks for a few folks, I'd be very happy
Thank You
  • #537,037
  • Sep 11, 2011 10:27pm Sep 11, 2011 10:27pm
yeah i have a strange feeling that it might reverse. But hell, bulls are scared to death....

Or waiting for he perfect time to enter and kill the market...

hmm....

Either way let's all make it profitable.

Have I got something on my face, SOLDIER?
  • #537,038
  • Sep 11, 2011 10:28pm Sep 11, 2011 10:28pm
Quoting wormboy
Cheers buddy.
Saw many who were reckless & were hell bent on losing their money at the end of last week trying to be smart I thought I'd try to stop them from doing so. If I manage to save a few bucks for a few folks, I'd be very happy
that trendline bounce was nice last week
  • #537,039
  • Sep 11, 2011 10:30pm Sep 11, 2011 10:30pm
Quoting bumapatria
yeah i have a strange feeling that it might reverse. But hell, bulls are scared to death....
Retrace, not reverse. Price don't reverse close to a thousand pip drop in a blink of an eye.
Thank You
  • #537,040
  • Sep 11, 2011 10:31pm Sep 11, 2011 10:31pm
Quoting wormboy
A bit more to go, be patient.
What Broker are you using for the USD INDEX?
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